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Sony refuses to cut Playstation prices

For now at least...

By Heather McLean

Published: 23 April 2002 12:45 GMT

Sony has claimed it has no intention of cutting the price of its Playstation 2 console in response to an escalating war between the top three gaming companies.

Nintendo has slashed the price of the Game Cube to £129 from £150 ahead of the European launch date on 3 May.

Last week Microsoft cut the cost of its Xbox by £100 to £199 to compete directly with the market leader, Playstation 2, following the company's failure to meet sales targets by 40 per cent.

However, a spokesman from Sony Entertainment said: "Sony has absolutely no intention to cut the price of the Playstation 2."

With the Playstation 2 at the head of the market and Nintendo offering the cheapest gaming machine in the UK, it looks like Microsoft will have a tough time in recovering lost sales.

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